The Pro-Inflation Fed is Taking Us to a Dark Place
(From The American Conservative)From a market perspective, a viewpoint too often absent from Fed deliberations, the low or negative interest rate regime imposed by these unelected central bank governors is in fact the cause of the very deflationary malady that economists pretend to fight by encouraging inflation. Instead of truthfully telling their respective national governments that excessive public debt is problematic and must be reduced, the world’s central bankers have instead functioned as drug dealers, peddling the heroin of easy money as a short-term solution to the reality of long-term insolvency.
http://www.againstcronycapitalism.org/
Source: https://www.ac2news.com/2019/06/the-pro-inflation-fed-is-taking-us-to-a-dark-place/
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